The opening bid for Lil Kim’s New Jersey mansion will be JUST $100 when it hits the auction block on May 11, 2018. That’s a steal compared to the $2.3 million the rapper paid for the 6,026-square-foot home in 2002.
With an estimated net worth of $18 million, Lil Kim has more value than her home, though she struggled to pay the mortgage for years. This prompted HSBC Bank to initiate foreclosure in 2010, according to NJ.com. Lil Kim (birth name Kimberly Jones) and the bank were in mediation in 2015, and a judge ruled she was in default last May.
While the $100 bid by the Bergen County Prosecutor’s Office is low, the 1989 mansion will realistically sell in the millions. The two-acre property is located in Alpine, a posh neighborhood just minutes from Manhattan, which is one of the wealthiest zip codes in America. The median home value in Alpine is $2.9 million, with notable homeowners including comedian Chris Rock and President Donald Trump’s adviser Kellyanne Conway.
39 Timberline Drive, soon to be Lil Kim’s former address, is estimated to be worth $3 million. Source: CNBC